Wookie Company issues 10%, five-year bonds, on January 1 of this year, with a par value of $100.000 and semiannual interest payments. (0) (1) Semiannual Period-End January 1, issuance June 30, first payment December 31, second payment (2) Un amortized Premium $8,111 7,369 6,489 Carrying Value $108,111 107,300 106,489 Use the above straight-line bond amortization table and prepare journal entries for the following (a) The issuance of bonds on January 1 (b) The first interest payment on June 30. (c) The second interest payment on December 31. View transaction list Journal entry worksheet 3 Record the issuance of the bonds on January 1. Note: Enter debits before credits Date General Journal Debit Credit January 01 EL Record entry Clear entry View general journal Search |